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PBI » Topics » Disability

This excerpt taken from the PBI DEF 14A filed Mar 26, 2009.

Disability

The named executive officers would be entitled to the following upon termination for disability:

 

 

 

 

•

A prorated annual incentive award.

 

 

 

 

•

Prorated CIU payments at the end of each three-year cycle.

 

 

 

 

•

All stock options will vest upon disability. Stock options can be exercised during the remaining term of the grant.

 

 

 

 

•

Restrictions on outstanding shares of restricted stock will be removed.
This excerpt taken from the PBI DEF 14A filed Mar 27, 2008.

Disability

Disability entitles named officers to the following upon termination:

  • A prorated annual incentive award.

  • Prorated CIU payments at the end of each three-year cycle.

  • All stock options will vest upon disability. Options can be exercised during the remaining term of the grant.

  • Restrictions on outstanding shares of restricted stock will be removed.

This excerpt taken from the PBI DEF 14A filed Apr 3, 2007.

Disability

Disability entitles executive officers to the following upon termination:

  • A prorated annual incentive award.

  • Prorated CIU payments at the end of each three-year cycle.

  • All stock options will vest upon disability. Options can be exercised during the remaining term of the grant.

  • Restrictions on outstanding shares of restricted stock will be removed.
This excerpt taken from the PBI 10-K filed Mar 13, 2006.
Disability. “Disability” means eligibility for disability benefits under the terms of the Company’s Long-Term Disability Plan as in effect from time to time.

 

Section 2.17

EXCERPTS ON THIS PAGE:

DEF 14A
Mar 26, 2009
DEF 14A
Mar 27, 2008
DEF 14A
Apr 3, 2007
10-K
Mar 13, 2006

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